Now that Spring Break, Winter weather and ‘tax time’ are largely behind us, the forecast for Oregon real estate is sunny, indeed. Here are five key reasons for an optimistic 2016 Oregon real estate forecast, which are explained further below: 1. Interest Rates Remain Very Low2. Housing Inventory Is Very Low 3. Better Weather4. The ‘School […]
Fresh figures were just released on Oregon’s real estate market by the Regional Multiple Listing Service, or RMLS. To put the results in a nautical vernacular, we remain ‘steady as she goes.’ Portland MetroLet’s begin with greater Portland, where our backlog of home supply is unchanged at 1.8 months. This means our housing supply remains […]
A Rising Tide Raises All BoatsReal estate activity in parts of the Willamette Valley may not be an economic tsunami, like greater Portland. However, since ‘a rising tide raises all boats,’ the effect of the Portland metro’s buoyant market continues to help ensure all Oregon real estate remains afloat. The reason? For one, the sheer […]
New figures from the Regional Multiple Listing Service suggest our current hot real estate market recently transitioned from white to red. No, that’s not wine we’re talking about. Instead, we’ve gone from white hot to red hot, because home supply just increased from a shockingly low 1.2 months to a slightly less alarming 1.8 months. […]
There are many possible words to describe people, places, things and events. A recent shift in Oregon real estate brings to mind the word ‘breathtaking.’ And while that’s a term normally reserved for the Grand Canyon or certain Hollywood starlets, it also conjures the notion of astonishment, breaking fresh ground, entering a new phase, being […]
The sale of Oregon farms, ranches and similar rural properties usually has many ‘working parts.’ Yet there are seven basic steps to selling your Oregon farm. Since you won’t want to leave any money on the table, it’s best to do this right the first time. Here are those seven key steps to selling your Oregon farm, […]
Thinking about improving your credit score in the New Year? It’s a great goal, especially if you may buy a home. While the path to a better credit score can take some work, those who make an effort to improve their credit agree it’s worthwhile. Here are two very easy…and very free…steps to help you get […]
New figures for real estate throughout our region confirm a sustained strong Oregon real estate market.
While real estate can seem complicated, there is a logical progression helpful to selling an Oregon home and it’s truly as simple as 1-2-3. The process between buyers and sellers is routinely described as a kind of dance, so let the waltzing begin. Fundamentals There are plenty of related tasks associated with any real estate […]
Recently released housing figures confirm a continued “seller’s market” throughout the greater Portland metro area, which includes Multnomah, Clackamas, Clark, Washington and Yamhill counties. Multiple Market Factors Our sustained strong market is characterized by (1). Low inventory, (2). Short market times and (3). Rising prices. We currently have less than a two month supply of […]
This just-listed SW Portland home features nearly 2,600 square feet of living space on more than 1/3 acre, with a convenient downtown commute. Additional features include spacious rooms, a covered patio, plenty of storage space, a peaceful low traffic neighborhood, plus a detached double garage. Click here or on the below image to view the […]
So while greater Salem’s market improvement hasn’t been ‘flashy,’ it is chugging along. This translates into a lower inventory of homes, generally higher prices and shorter market times.
Perhaps even more surprising than a meager 1.6 months of housing backlog is our region’s five straight month trend of lowering home supply.
Oregon homebuyers avoid traditional lenders for many reasons and one mechanism they frequently turn to is known as seller financing.
1.9…1.8…1.7… Curious about those numbers? The ‘What’Those are greater Portland’s dwindling home supply figures over the past three months. Our area would now ‘run out of homes’ in a miniscule 1.7 months. Homesellers may describe this phenomenon as the ‘countdown to ecstasy.’ That’s because a shortage of homes boosts demand for what they’re selling. As […]
Fresh figures on our real estate market were recently released by the Regional Multiple Listing Service, RMLS. Thanks in part to our continued low inventory of homes for sale, our housing market remains strong, with price increases the rule, not the exception. At our current rate of home sales, our market would now run out […]
In this world nothing can be said to be certain, except death and taxes – Benjamin Franklin Benjamin Franklin sure seems correct about the two items noted in his well-known quote above. However, something else in this world is just about as certain and it involves a ‘secret weapon’ for homeselling success. But while this sure-fire ‘secret […]
New figures from the Regional Multiple Listing Service known as RMLS reveal an increase in home inventory throughout the Willamette Valley. Even though the housing supply has increased lately, year-to-date home prices have also risen in our region’s major markets of Portland and Salem.Portland Area Real Estate Greater Portland home inventory bumped up by almost half. […]
Predictions well into the future are difficult to make with accuracy. Consider your local weather forecast. Even given advanced technology like satellite imagery, plus wind, barometric and temperature data, weather forecasters can get it wrong…and that’s for predictions merely a week or two away! Predicting Real Estate TrendsNow imagine the difficulty in predicting real estate […]
A very telling article was recently released in a national real estate journal. In just two images, it explains why the vast majority of homesellers work with a Realtor.
Moving toward Autumn and the new school year, it’s reasonable to expect a somewhat slower pace for Oregon home sales. That’s because many, though certainly not all, 2014 homebuyers have purchased by now. Due to considerations like weather and school, a sizable number of Oregon homebuyers target September as a good date to have completed […]
Like elsewhere, homes throughout the Willamette Valley feature a variety of bedroom options. Can you guess the number of bedrooms most popular in our area? In the graph below, the answer to the most popular number of bedrooms isn’t even close. Three bedroom homes are by far the most popular in our region. Another related […]
With the arrival of Spring’s beautiful weather, many Oregonians have heard someone say: “Now is an excellent time to consider placing your home on the market for sale.” However, you may wonder Why exactly is it considered such a good time to sell your Oregon property? Is it simply due to sunny skies? So if […]
Greater Portland home prices recently experienced a break in their upward trend, according to the latest report from the S&P Case-Shiller home price index. This mirrors the national real estate picture. Standard & Poor’s/Case-Shiller home price index released Tuesday shows home prices across the 20 metros surveyed dipped 0.1 percent in January, but remained 13.2 […]
A recent Realtor article suggests home sellers are now working to get a jump on the competition by placing their properties on the market ahead of Spring: The Spring selling rush may already be under way, as some home owners are already throwing their properties on the market to take advantage of rebounding home prices […]
In an interesting twist that challenges logic, Portland metro home prices are up 2.8% over the past month, while our housing inventory simultaneously jumped by nearly a month’s supply. Usually home prices soften or drop when supply increases. This counter-intuitive phenomenon highlights the ongoing demand for greater Portland area homes. It also confirms the recovery […]
Think you’re busy? The life of a professional real estate agent is, too. A recent list of vital Realtor tasks itemizes the 144 jobs top real estate agents perform when assisting sellers. These duties are wide ranging and this particular list is limited to jobs completed by Realtors for seller clients. The great thing is […]
Whether you’re with family, friends, or are alone, remembering the reason for the season can be a source of great comfort and joy. Merry Christmas!
A new report from the Regional Multiple Listing Service (RMLS) shows Portland area home prices up nicely for the year and now at 2008 levels. A significant reason for this market strength is continued low inventory of available homes for sale. Read this free new report on Portland area real estate here. Make sure to […]
New reports on Oregon home values are now available. For the greater Willamette Valley, they show a pronounced dip in Salem area prices, with a lighter decline around greater Portland. First, here’s a price graph for metro Salem: And here’s the greater Portland price graph: Inventory Explains Price Shifts Housing inventory helps to explain price […]
Fun upcoming events and surprising local housing facts are all found in the latest free edition of the Oregon Real Estate Update. Real estate information also includes average prices and market times for towns and neighborhoods throughout much of Oregon. Home Prices The average Portland area home price is now $309,200, up 14.1% from last […]
Greater Portland area home prices continued their rise as found in Case Shiller’s home price report. Portland metro home prices rose 1.6% in the last month tabulated. That was slightly down from the prior month increase of 1.9%. Over the past year, Case Shiller reports a 12.2% annual increase in Portland area home prices.
New figures suggest Portland and Salem home prices continue to rise. With unemployment still not that good, driving this phenomenon in Portland is a low 2.8 month housing supply. And while greater Salem has more than twice that housing backlog at 6.2 months of supply, Salem is still seeing a healthy 11.3% average home price […]
Recent Oregon real estate news has focused on Portland’s rising metro home prices and anemic residential inventories. So what’s the story on Salem? A Tale of Two Coffees The difference between Portland and Salem’s housing markets might best be compared to two different kinds of coffee. If the Portland area’s housing market rebound is seen […]
The latest report on greater Portland metro housing shows there is just 2.5 months of home inventory. One glance at prior figures reveals a 2.5 supply of homes is amazing small. Click here to view the entire report, including statistics on what homes are selling for in your neighborhood or city.
Here’s all you really need to know from the latest real estate report on our Portland metro housing market: ‘Portland’s real estate activity remains solid. February’s closed sales were strong—at 1,376, closed sales represented the best February since 2008.’ If you’d like to know more, keep reading and view the newest Portland real estate report […]
New figures are now available on the Portland metro real estate market. As of January of this year, the average price of Portland area homes sold has increased 5.4% to $277,000. View the complete new Portland area housing report here and check out the latest average market price on page #2.
Reversing nearly half a decade of falling home values, prices around Portland, Oregon increased 6.7% over the past year. Portland handily beat the 5.5% average increase of the twenty US cities surveyed by Standard and Poor’s in their Case-Shiller Home Price Index. Values in all but one city, New York, increased. National home prices are […]
The latest report on Portland Metro housing shows an increase in demand. View the new report below. On page two it includes average selling prices and days on market for your town or neighborhood. PortlandMetro-December2012 Thinking about selling or buying? Contact Certified Realty today at 503-682-1083!
New home price statistics for the greater Portland area show continued clear skies as we move through Autumn. For example, the overall average sales price of $272,200 is 2.9% higher than at this point last year. Click on the image below for details on your town or neighborhood.
New figures were just released on the greater Portland, Oregon real estate market. The results are reasonably good. Click here or on the Market Action image below for the full report with specifics on your town or neighborhood. Good News The average time a house sits on the market has declined more than 20%. As […]
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